Elon Musk may launch Tesla cars in India in 2024

Elon Musk-run Tesla might start rolling out on Indian roads soon as the Centre is ramping up the process to provide all the necessary approvals from the concerned departments by January 2024 for its entry into the country, media reports said on Tuesday. Also Read: A single Musk megacompany? SpaceX, Tesla, and xAI could be heading for a merger

According to the reports, the Prime Minister’s Office (PMO) held a meeting on Monday with top officials to review the upcoming phase of electric vehicle (EV) manufacturing in the country, including Tesla’s investment proposal. Also Read: Neuralink’s vision implant is almost ready: What the first human trial could look like

The Union Ministries of Commerce and Industry, Heavy Industry, and Electronics and Information Technology have been engaged in discussions about Tesla’s plans in India, following a meeting between Musk and Prime Minister Narendra Modi during the latter’s state visit to the US in June. Also Read: WhatsApp refutes Elon Musk’s allegations around message access: “Totally false...”

In September, a report said that Tesla is planning to build a factory for battery storage in India and has submitted a proposal for the same to the government. The electric carmaker proposed supporting the country’s battery storage capabilities with its “Powerwall” during recent meetings.

Musk is also aiming to build a Tesla supply system in India. The EV major is planning to source automobile parts worth up to $1.9 billion this year from India, Union Commerce Minister Piyush Goyal said. The minister said that last year, Tesla had already bought $1 billion worth of components from India and this year their target is $1.7-$1.9 billion.

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— IANS